LONDON: European stock markets rose on Wednesday , extending a Wall Street rally sparked by dovish Federal Reserve statements, while oil prices fell dramatically due to an unexpected jump in US inventories.
In commodities, the price of a barrel of Brent crude oil fell more than three dollars to below the US$60 mark for the first time in four months, while the benchmark WTI crude lost more than two dollars. She also said the tit-for-tat tariffs between the US and China had put the brakes on growth in both countries and cut a few points off global growth.The IMF also lowered China's economic growth forecast for 2019 and 2020, citing"uncertainty" over the US-China trade war.